ACTIVE

FLUX RISK SERVICES

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Financial year 2025 · Closed on 31/12/2025

Net result1,9 k €+551,6 %over 1 year

Revenue110,1 k €+4,7 %over 1 year

Equity253,2 k €+0,7 %over 1 year

Workforce1,2 ETP-7,7 %over 1 year

Identity

Source · BCE/KBO

FLUX RISK SERVICES is a Public limited company incorporated in 1988. Its main activity is: Management consultancy activities. Its registered office is in Waterloo. It employs on average 1,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0434.954.334
Incorporation: 02/08/1988
Legal form: Public limited company
Registered office: Rue Hugo (Victor) 93
1410 Waterloo · WallonieSee on map
Contributed capital: 61 975,00 €
Latest accounts: 31/12/2025
Average workforce: 1,2 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 73200Market research and public opinion polling 73200Market research and public opinion polling 74131Specialised design activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	110,1 k €	+4.7%	105,2 k €	-30.5%	151,4 k €	-23.5%	197,9 k €	+86.6%	106,1 k €
EBITDA	1,7 k €	+66.8%	1 k €	-95.6%	22,8 k €	-74.7%	90,3 k €	+957%	8,5 k €
Operating result	1,7 k €	+66.8%	1 k €	-95.6%	22,8 k €	-73.3%	85,7 k €	+2086%	3,9 k €
Net result	1,9 k €	+552%	285 €	-98.2%	16,2 k €	-76.1%	67,5 k €	+3654%	1,8 k €
Balance sheet
Equity	253,2 k €	+0.7%	251,4 k €	+0.1%	251,1 k €	+6.9%	234,9 k €	+40.3%	167,4 k €
Total assets	281,9 k €	+4.8%	269 k €	-4.4%	281,4 k €	+3.7%	271,2 k €	+47.3%	184,2 k €
Cash	280,4 k €	+4.9%	267,2 k €	+0.2%	266,5 k €	-1.7%	271,1 k €	+55.2%	174,6 k €
Debts	26,4 k €	+50.4%	17,6 k €	-11.3%	19,8 k €	-15.0%	23,3 k €	+39.0%	16,8 k €
Other
Workforce	1,2 ETP	-7.7%	1,3 ETP	0.0%	1,3 ETP	0.0%	1,3 ETP	0.0%	1,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

Patrick Maughan

Mandate

Active

Veronique Laurent

Mandate

Active

Ended mandates

Patrick Maughan

Managing director · since 09 mai 2017 · until 09 mai 2022

Ended

Veronique Laurent

Director · since 09 mai 2017 · until 09 mai 2022

Ended

Patrick Maughan

Managing director · since 09 mai 2012 · until 09 mai 2017

Ended

Veronique Laurent

Director · since 09 mai 2012 · until 09 mai 2017

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/05/2026	22/05/2025	22/05/2024	11/05/2023	12/05/2022	17/05/2021
General meeting	12/05/2026	12/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/05/2026	13/05/2026	French	PDF
Abridged model	31/12/2024	12/05/2025	22/05/2025	French	PDF
Abridged model	31/12/2023	14/05/2024	22/05/2024	French	PDF
Abridged model	31/12/2022	09/05/2023	11/05/2023	French	PDF
Abridged model	31/12/2021	10/05/2022	12/05/2022	French	PDF
Abridged model	31/12/2020	11/05/2021	17/05/2021	French	PDF
Abridged model	31/12/2019	12/05/2020	13/05/2020	French	PDF
Abridged model	31/12/2018	14/05/2019	15/05/2019	French	PDF
Abridged model	31/12/2017	08/05/2018	15/05/2018	French	PDF
Abridged model	31/12/2016	09/05/2017	22/05/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	23/05/2016	French	PDF
Abridged model	31/12/2014	12/05/2015	23/05/2015	French	PDF
Abridged model	31/12/2013	13/05/2014	19/05/2014	French	PDF
Abridged model	31/12/2012	07/05/2013	28/05/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	22/05/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	16/05/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	28/05/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	26/05/2009	French	PDF
Abridged model	31/12/2007	06/05/2008	26/05/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	16/05/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

Patrick Maughan

Mandate

Active

Veronique Laurent

Mandate

Active

Ended mandates

Patrick Maughan

Managing director · since 09 mai 2017 · until 09 mai 2022

Ended

Veronique Laurent

Director · since 09 mai 2017 · until 09 mai 2022

Ended

Patrick Maughan

Managing director · since 09 mai 2012 · until 09 mai 2017

Ended

Veronique Laurent

Director · since 09 mai 2012 · until 09 mai 2017

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/12/2023
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates02/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates22/05/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates14/06/2012
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office28/12/2010
SIEGE SOCIAL
PDF
Mandates31/05/2006
DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

2025
Annual accounts 20251,9 k €↑
2024
Annual accounts 2024285 €↓
2023
Annual accounts 202316,2 k €↓
2022
Annual accounts 202267,5 k €↑
2021
Annual accounts 20211,8 k €↓
2020
Annual accounts 20204,1 k €↑
2019
Annual accounts 20193,8 k €↓
2018
Annual accounts 201814,1 k €↓
2017
Annual accounts 201716,5 k €↑
2016
Annual accounts 201613,7 k €↑
2015
Annual accounts 20155,8 k €↑
2014
Annual accounts 20144 k €↑
2013
Annual accounts 20131,9 k €↓
2012
Annual accounts 20123,1 k €↑
2011
Annual accounts 20111,3 k €↑
2010
Annual accounts 2010630 €↓
2009
Annual accounts 20093 k €↓
2008
Annual accounts 20084,4 k €↑
2007
Annual accounts 2007284 €↓
2006
Annual accounts 200611,1 k €
02/08/1988
IncorporationPublic limited company

FLUX RISK SERVICES

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline